Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
LME aluminium cash offer rises 0.84% to $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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Three-month LME aluminium ended 0.75% lower at US$1,782/t; SHFE aluminium advanced 0.58%
Three-month LME aluminium came off an intraday high of US$1,804 per tonne to end 0.75% lower at US$1,782 per tonne on Monday. As of Monday September 21, LME aluminium cash (bid) price stands at US$ 1752.50 per tonne, LME official settlement price stands at US$ 1752.50per tonne; 3-months bid price...
Three-month LME aluminium hiked 0.81% to close at $1795.5/t; SHFE increased to $2172/t
As of Friday, September 18, three-month LME aluminium increased 0.81 per cent to close at US$ 1,795.5 per tonne in choppy trading and is likely to fluctuate range-bound in the short term. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1745 per tonne on September 18,...
Weekly Update: LME aluminium price trended down from $1749/t to $1745/t amid incessant fall in opening stock; SHFE rose to $2160/t
Three-month LME aluminium trended down this week during September 14-18 from US$ 1802 per tonne to US$ 1,781 per tonne. Starting the week with a hike of 1.52 per cent to US$ 1,802 per tonne, three-month LME aluminium on Tuesday, September 15, fell 0.47 per cent to settle at US$1,793.5 per tonne. On...
Three-month LME aluminium closed 0.67% lower at US$1,781/t; SHFE aluminium decreased 0.28%
Three-month LME aluminium closed 0.67% lower on Thursday. The price settled at US$1,781 per tonne on Thursday. As of Thursday September 17, LME aluminium cash (bid) price stands at US$ 1743.50 per tonne, LME official settlement price stands at US$ 1743.50 per tonne; 3-months bid price stands at US$...
Three-month LME aluminium fell from an intraday high to close at $1789.50/t; SHFE price decreased to $2139/t
On Wednesday, September 16, three-month LME aluminium fell from an intraday high of US$ 1,804.50 per tonne to close at an intraday low of US$ 1,789.50 per tonne. It is likely to fluctuate between US$ 1,770-1,820 per tonne today. LME aluminium cash (bid) price and LME official settlement price...
Three-month LME aluminium settled at US$1,793.5/t; SHFE aluminium advanced 1.08%
Three-month LME aluminium fell 0.47% to settle at US$1,793.5 per tonne on Tuesday, after hitting its highest in two weeks at US$1,810.5 per tonne earlier in the session. The contract is likely to move between US$1,770-1,820 per tonne today. As of Tuesday September 15, LME aluminium cash (bid) price...
LME aluminium price climbed up by US$2.5/t to stand at US$1749/t; SHFE increased to US$2146/t
The US dollar slipped on Monday, September 14, against its major peers, dropping to a two-week low versus the yen, as positive news about a COVID-19 vaccine and a wave of merger and acquisition deals lifted the mood in global equity markets. Three-month LME aluminium ended 1.52 per cent higher at...
Three-month LME aluminium slid 0.17% to close at US$1,775/t; SHFE aluminium fell 0.94%
Three-month LME aluminium slid 0.17% to close at US$1,775 per tonne in choppy trading on Friday. It is likely to move between US$1,760-1,800 per tonne today. As of Friday September 11, LME aluminium cash (bid) price stands at US$ 1746.50 per tonne, LME official settlement price stands at...
LME aluminium price edged higher at $1743.5/t on continued fall in opening stock; SHFE up by $9/t
On the London Metal Exchange, nonferrous metals finished in negative territory on Thursday, September 11, with aluminium slipped by 0.31 per cent. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1743.50 per tonne on September 10, up by US$ 3.50 per tonne from US$ 1740...
Three-month LME aluminium ended 0.64% lower at US$1,783.5/t; SHFE aluminium decreased 0.97%
Three-month LME aluminium rebounded from an intraday low of US$1,773 per tonne to end 0.64% lower at US$1,783.5 per tonne on Wednesday. The contract is expected to fluctuate between US$1,770-1,810 per tonne today. As of Wednesday September 9, LME aluminium cash (bid) price stands at US$ 1740 per...
LME aluminium price closed lower at $1744/t; SHFE aluminium plunges to $2117/t
The safe-haven dollar climbed to a four-week peak on Tuesday, September 8, led by gains versus sterling on renewed worries about Brexit and as risk appetite waned with a sell-off on Wall Street. Three-month LME aluminium rebounded from an intraday low of US$ 1,775 per tonne to close 0.14 per cent...
Three-month LME aluminium closed at US$1,797.5/t on Monday; SHFE aluminium advanced 1.37%
Three-month LME aluminium firmed 0.31% to end at US$1,797.5 per tonne on Monday. The contract is expected to fluctuate between US$1,760-1,820 per tonne today. As of Monday September 7, LME aluminium cash (bid) price stands at US$ 1763per tonne, LME official settlement price stands at US$ 1763per...
LME aluminium price increased by $9.5/t after three consecutive days of decline, SHFE hiked to $2135/t
The US dollar consolidated gains on Friday but was set for its biggest weekly rise in 2-1/2 months as an overnight drop in high-flying US technology stocks fuelled a bout of risk aversion in global markets. Three-month LME aluminium plunged to an intraday low of US$ 1,773.50 per tonne before wiping...
LME aluminium price decreased this week from $1781.5/t to $1753/t; SHFE edged lower to $2099/t
On Monday, August 31, the US dollar hit a more than two-year low and a fourth straight month of losses in the wake of the US Federal Reserve’s policy shift on inflation. It was down by 1.24 per cent for the month, marking its worst August in five years and the longest run of monthly losses since...
Three-month LME aluminium dropped 0.81% to end at US$1,776/t; SHFE aluminium fell 1%
Three-month LME aluminium slipped 0.81% to end at US$1,776 per tonne on Thursday, with open interest decreasing 2,033 lots to 777,000 lots. It is likely to fluctuate between US$1,750-1,820 per tonne today. As of Thursday September 3, LME aluminium cash (bid) price stands at US$ 1743.50 per tonne,...
LME aluminium price ended lower at $1778.5/t, and so the price of SHFE at $2118/t
The US dollar bounced off two-year lows on Wednesday as US data pointed to a firm manufacturing activity. Economic data published on Tuesday showed US manufacturing activity accelerated to a nearly two-year high in August amid a surge in new orders, with the reading from the Institute for Supply...
Three-month LME aluminium closed Tuesday’s trading at US$1,818.5/t; SHFE aluminium decreased 0.27%
Three-month LME aluminium rose 1.14% to end at US$1,818.5 per tonne on Tuesday. The contract is expected to fluctuate at high levels today amid the weak US dollar index. As of Tuesday September 1, LME aluminium cash (bid) price stands at US$ 1781.50 per tonne, LME official settlement price stands...
Shanghai bonded aluminium stocks tripled in August on brief opening of import arbitrage window between LME & SHFE
Aluminium stocks in Shanghai bonded warehouses increased three times in August from the previous month due to an increase in deliveries followed after the brief opening of arbitrage window between the London Metal Exchange and the Shanghai Futures Exchange in late July. According to Fastmarkets...
